Emission rights


This IFRIC project considered the accounting for schemes that are based on a 'cap and trade' model whereby participants are allocated (typically by a government body) emissions rights equal to a 'cap' (that is, a target level of emissions) and are permitted to trade those emission rights.


Current status of the project

This project has been completed. IFRIC 3 Emission Rights was issued on 2 December 2004.


Project milestones

15 May 2003 IFRIC D1 Emission Rights published Comment deadline 14 July 2003
2 December 2004 IFRIC 3 Emission Rights issued Effective for annual periods beginning on or after 1 March 2005
June 2005 IASB decides to withdraw IFRIC 3 with immediate effect

Correction list for hyphenation

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